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I’m considering renting out my house, but I want to make sure it meets the 1% rule. Do I apply the rule to the current amount owed on my loan or the current value of the house? Thanks 🙏
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I have bought 8 properties in the past 4 and refinanced them all and since I bought them cheap enough I was able to pull my cash out and or profit while still renting them. I created this post because my goal is to i...
Hi all, I am in due diligence state for this deal (seller financing). The seller is an old guy who manages the property himself and does not use any software. He even mixed with personal bank account with all rent dep...
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Hello, bigger pockets, community,
I'm currently an educator in the Chicagoland area and discovered bigger pockets. I have been addicted ever since! I want to connect with other people in the area who would like to ...
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Has anyone used Self- directed IRA to purchase real estate? Broad Financial said they can help with this? Has anyone been with them? How's your experience
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Hi BP,
I wanted to get some opinions from other bigger pockets members.
When it comes to deciding on a type of property to acquire/invest in,
how do you feel about investing in SFR package deals a...
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I’m looking to house hack a duplex as my first rental property and I’m stuck on which type of loan to use as a 24 year old with next to no credit and also the length of the loan. I’ve heard 15 year has lower rates and...
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Hi all!I have been wanting to get into Real Estate investing ever since I was a young adult and I had it in my head that I needed to be rich first in order to get started. I recently rediscovered the idea of Equity pa...
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I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.What circustances...
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I live in California and found an off market deal for a commercial property in a different state. I plan on renting it out. However, I am having trouble finding any lenders. *BoA says they don't do commercial loans fo...